مجلة المنهل الاقتصادي
Volume 7, Numéro 1, Pages 1251-1268
2024-06-27

Open Innovation As A Strategy To Build An Efficient Ecosystem For Startups ‎

Authors : Benlagha Mohamed Reda . Ait Said Fouzi .

Abstract

In the current era, the rapid emergence of innovative products with shortened life cycles ‎necessitates that startup ‎organizations adopt strategies that are responsive to their changing environment. ‎Therefore, an open innovation strategy ‎becomes essential for startups, enabling them to leverage available ‎innovation sources in their external environment to ‎develop new products.‎ This study aims to shed light on open innovation as a strategy for building an effective ecosystem ‎for startup organizations. ‎The study concludes that open innovation serves as a theoretical model for ‎managing modern innovative activities in the ‎era of knowledge dissemination.‎

Keywords

Open Innovation Strategies ; Ecosystems ; Startups ; Algeria